NewsHK
Against the backdrop of accelerating private capital deployment into essential-service assets, funds managed by Apollo have acquired Maverick Water Group, a Texas-based water infrastructure company.
The deal extends a pattern across the sector: large alternative asset managers acquiring physical infrastructure with inelastic demand, regulatory protection from competition, and cash flows that do not track the broader economic cycle.
Water infrastructure and the Texas demand picture Water systems in Texas have absorbed compounding pressures over an extended period.
Population inflows into the state have outpaced public-sector investment in treatment, distribution, and wastewater capacity.
Keep reading